Originally posted by : CA.Madhusudan B.P. |
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Rahul gupta,
Can you kindly confirm whether a firm of Chartered Accountants having 2 partners (this 2 partners are neither having a separate independent practice nor a partner in any other firm)
My question is Can one partner sign the tax audit reports for morethan 45 in firms name by his name & membership no?
(Other partner has not signed any tax audit reports)
Also please suggest that instead of one name, split in another name with his membership no. I want to know the legal aspect of the Institutes. |
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Mr. Madhusudan,
To the extent I am understanding your question, in my view a member can sign more than 45 audits in the capacity as a partner. However, the total no. of audits for the frim should not exceed more than 90 (45per partner).
As per my understanding, in case an audit is done by a partnership concern, then the member is signing on behalf of the partnership concern, however the ceileing of audits for the partnership firm is counted in terms of limits of the no. of the partners.
Please correct me, in case your views are different or you have any written case or evidences related to the concerned topic.
Regards
CA Rahul Gupta